Wednesday, April 1, 2020

We’re Following A One-Size-Fits-All Coronavirus Strategy Right Into A Great Depression

  1. And we must give citizens confidence that as we get past the worst of this pandemic, the economy will reopen and rise toward a level that allows Americans to continue to work and thrive as a nation of free people.
  2. The outcome of nationwide fall school shutdown would be disastrous: working parents will lose jobs to non-parents, and of those who do go to work, many will leave their younger children at home with older, more vulnerable adults  the exact opposite of a responsible aim at containing the virus.
  3. As foolish as it is to confuse Wall Street with the economy, it's even more idiotic to confuse New York City for the rest of the country a mistake far too many in our media and leadership class continue to make.
  4. So instead of that clarity, giving workers confidence there is a path back from all this, we have politicians threatening indefinite shutdowns of the economy, meandering yes/no shutdowns of schools, and, in the case of New York City Mayor Bill de Blasio, threatening permanent shutdowns of religious buildings.
  5. As in so many cases, our leaders in both parties across the country will assure us afterwards that everything they did the shutdowns, the bailouts, the restrictions, the seizures of power, House Speaker Nancy Pelosi's SALT tax break for millionaires was absolutely necessary, that the cost of so many jobs and livelihoods was absolutely essential in order to save so many lives.
  6. It is outlining a responsible path based on what we know about the trends for the virus on a state level for people and businesses going forward, distinguishing between the recommendations for those who are high risk and those who are not, and the way we treat outbreaks in densely populated areas versus others.
  7. That is the solution-oriented framework our economy needs, one which recognizes we are not a one-size-fits-all country for public health, economic concerns, or risk factors, but 50 states bound together, facing distinct and different challenges.
  8. American citizens have shown themselves absolutely willing to accept a 14-day home quarantine after exposure and case isolation, businesses and schools and universities have closed, and depending on your community people are practicing social distancing to different degrees.
  9. But a modern capitalist economy cannot afford to turn itself off for 60 days or more at the whims of politicians more afraid of getting criticized by the national media than actually responding to the situation on the ground.


https://thefederalist.com/2020/04/01/were-following-a-one-size-fits-all-coronavirus-strategy-right-into-a-great-depression/

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